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This report presents the outcome of the APEC Oil and Gas Security Exercise (OGSE) in Australia (the 4th exercise) jointly organised by APERC and the Australian government through the Department of the Environment and Energy in Melbourne on 29-31 March 2017. The exercise was a regional capacity building with participation from other APEC economies – Indonesia, the Philippines and Thailand. The first day was devoted for capacity building workshop providing an overview of the global oil and natural gas markets, supply resilience in the APEC region, and the Australian energy policy and emergency response framework. The second day was the emergency exercise with hypothetical supply disruption scenarios for both oil and natural gas. On oil, a global supply disruption scenario was formulated, while a separate gas scenario was produced for each of the participating economies taking into account their distinctive domestic gas situations.